OREANDA-NEWS. The 40th Trade Finance (TF) Centre of IDBI Bank was inaugurated on March 28, 2013 at the IDBI Bank Building, BKC, Mumbai. Shri Hiranmoy Biswas, Chief General Manager & Head Transaction Banking Group of the Bank inaugurated the same in the presence of Corporate Customers, senior executives of various foreign Correspondent Banks and officers of IDBI Bank. On this occasion, Shri Biswas expressed that BKC being one of the largest Financial Centre in the country, the new TF centre in BKC would emerge as one of the top five TF centres of the Bank across the country in the near future.

IDBI Bank’s TF Centre in BKC is an Authorized Dealer (AD) in foreign exchange, and would cater to the Trade Finance and Forex needs of Exporters, Importers and Retail customers. The TF centre shall compliment the business of existing Personal Banking and Corporate Banking Branches functioning at IDBI Bank Building, BKC and offer all Trade and remittance products and services to the customers of the Bank.

IDBI Bank is the youngest, new generation, public sector universal bank that rides on a cutting edge core banking Information Technology platform. This enables the Bank to offer personalized banking and financial solutions to its clients through its 1077 branches and 1703 ATMs. The Bank had an aggregate balance sheet size of about Rs.2,75,000 crore and total business of about Rs.3,60,000 crore as on December 31, 2012. IDBI Bank's operations during the 9 month period ended December 31, 2012 resulted in a net profit of Rs. 1328 crore. The Bank’s operations during the last full financial year (2011 - 12) had yielded a net profit of Rs.2032 crore.